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Fxprotrader
May 27, 2017 7:13 PM

AUDUSD: Channel Breakout Opens Doors for Shorts Short

Australian Dollar/U.S. DollarFXCM

Description

Price broke below the rising channel it was moving in. Waiting for a sell setup completion is what I am planniing to do in in the upcoming week.

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Comment

Altought my view is bearish as described in the post above, while price is correcting below the broken trendline, it formed a bullish flag which is a nice setup but a short one. For those who want to trade a small trade just wait for a breakout above the flag and buy the market aiming the broken trendline:
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